FFAI Rules Out Share Issuance for C10 Treasury
Jia Yueting, founder of Faraday Future (FFAI), addressed the company’s crypto treasury strategy on X. He reaffirmed the “shareholder-first” principle and stated that FFAI has no plan to carry out share issuance for its C10 cryptocurrency treasury product. This avoids dilution and maintains shareholder value. The C10 Treasury, launched on 17 August, tracks a C10 index of leading digital assets. FFAI aims to allocate $500 million–$1 billion in crypto treasury holdings, with the first tranche of $30 million deployed. Jia noted that FFAI will comply with any future policy requiring share issuance for this purpose once implemented.
Neutral
This announcement is unlikely to move crypto markets significantly. FFAI’s decision not to issue new shares for its C10 Treasury avoids dilution and reassures shareholders, but it does not introduce fresh demand or major strategy shifts in the broader digital asset space. Short term, traders will see stability in FFAI’s stock structure rather than new buying pressure on crypto assets. Long term, FFAI’s commitment to a $500 million–$1 billion crypto treasury positions it as a substantial institutional holder—but without immediate share issuance, market impact remains subdued. Similar past announcements, such as companies affirming treasury allocations without fresh equity, have had neutral effects on both stock and crypto prices.